The How’s and Why’s of Heavy-Equipment Rental Market Growth
Certified Rental is one of the largest and most proactive heavy-duty equipment rental companies in the country. We review our industry in-depth and plan for industry changes and the factors that alter our customer’s needs. After all, a fleet of rental bulldozers can not be produced in three months and we need to be ready for our industry’s demands before they actually occur.
That’s why Certified Rental has a rental fleet valued at over $80,000,000! In addition, we ensure that our rental equipment is late-model, low-hour equipment with the latest in productivity and safety features, like Komatsu’s Intelligent Machines. And we’ve been doing it since the 1960’s, so we have the experience and industry knowledge to successfully predict the equipment you will need, when you need it. Since the recession that began in 2008, we have seen a shift in the way our customers procure their heavy-equipment.
In 2016 it is estimated that 50% or more of construction equipment will be procured through the rental process. And in Europe and Asia the percentage of rental is even greater. Some of the drivers of this shift include:
Formation and Deployment of Capital
Cost – Predictability, Control and Risk Management
In addition to renting heavy-equipment, our customers are finding additional savings using MARC (Maintenance and Repair Contracts) as well as PMC (Prventive Maintenance Contracts). These allow for better budgeting of equipment for projects and in some cases nearly eliminate any maintenance costs. Below are some of the benefits of these contracts. The chart below illustrates how costs of Equipment, Repair and Maintenance (R&M) are distributed based on equipment procurement strategies.
MARC – Maintenance and Repair Contract
PMC – Preventive Maintenance Contract
Download our Equipment Rental Guide to see our line-up of heavy-equipment rentals and contact your local Certified Rental location for a quote. And if you’ve never rented from us, be sure to mention our First Time Renter Program, that offers you 20% off on your first Certified rental.